Vanguard Effect: XRP & SOL Pop Off Following Stance Shift

Vanguard’s crypto brokerage services had opened the gates for major-caps during an all-around crypto thunderstorm. Now, the markets are enjoying a reversal of Monday’s downturn, putting Ripple (XRP), Solana (SOL) & Bitcoin (BTC) back above key support thresholds. Vanguard’s ‘Hot Sauce’ Fuels XRP & SOL Bounce Bloomberg’s top ETF specialist Eric Blachunas called this the “Vanguard effect”. After years of resisting to list any crypto-related exchange-traded funds (ETFs) to their 50 million customers worldwide, Vanguard has shifted towards a more crypto-friendly approach, adding rocket fuel to the exhausted crypto markets. https://twitter.com/EricBalchunas/status/1995877852105904434 Since this crypto ban was lifted, BlackRock’s IBIT

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